The Effect of Trade on Income Distribution

question 33

Multiple Choice

The effect of trade on income distribution

• A) implies that there are no real gains from trade.
• B) is insignificant in the short run.
• C) can be significant in the short run.
• D) refutes the model of comparative advantage.
• E) is positive for all segments of an economy.

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Definitions:

Ventral Spinal Cord

The front portion of the spinal cord involved in transmitting sensory information to the brain and motor control signals away from the brain.

Medial Spinal Cord

The region of the spinal cord located near the center of the body, involved in transmitting neural signals to and from the brain.

Olfactory Bulb

A brain structure located in the forebrain involved in the sense of smell, serving as the initial processing site for olfactory information.